Takaful Child Education and Marriage Plan

Brief
The plan offers lump sum asset accumulation under level basic contribution payable throughout the term of the membershi. This level of contribution shall be at the discretion of the participant based on their saving capability and future needs. The plan will hence provide protection against death of the particiapants within the membership term by allowing the membership to continue with subsequent payable regular contributions waived and thus, ensuring the planned savings to be achieved under such circumstance. Upon death of the Participant, future regular contributions shall be waived and will be paid out from the Participant Takaful Fund (PTF) and credited to the Participant's Investment Fund (PIF) (Admin Charge, Unit Allocaiton Charge and Investment Management Charge will still be applicable as usual). The accumulated value of the Particiapants's Investment Fund (PIF) attributable to the membership shall then be paid out on the maturity date of the membership.

Death Benefits

In case of death of the child while the Participant is alive, the Participant shall have following options:-

i. Continue the membership in the same manner as earlier by switching the plan for the benefit of another child
ii. Continue the membership in the same manner without naming another child
iii. Terminate the membership permanently in which case the carry value of the Participant's Investment Fund (PIF) at the date of death of the child shall be paid.

Maturity Benefits

The accumulated value of the Participant Investment Fund attributable to the membership shall be paid out on the maturity date.